April Market Shows Strength

The GTA housing market shows signs for a healthy remainder of the 2008 sales year compared to the slower first quarter of sales activity.

Although sales were moderate in April at 8,762 houses sold in the Greater Toronto Area, prices were up. Prices continued to appreciate in April, with the GTA average home price of $398,678. This is up by 8% compared to April last year.

The market continues to remain a sellers market with several neighbourhoods experiencing strong sales activity in April.

April's numbers show we are headed for a relatively moderate/strong spring Toronto and Mississauga Real Estate market.

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